A disused metal gas holder on Factory Lane is being dismantled by SGN to make way for 95,000 sq. ft of industrial space.

The former gas tank is a remnant of the Croydon Gas Works, which was built in 1860 and closed in the early 1970s.

Chancerygate made a deal with the gas company in September 2021 to develop the site for £25million.

Jonathan Lee, Development Director at Chancerygate, said: “We are excited to bring forward our plans for a first-class industrial scheme in an excellent location.

“We’re confident our development will be best-placed to satisfy that demand and become a thriving part of Croydon’s commercial infrastructure, especially as we expect it to create more than 100 jobs.”

Scott Lewis, Operations and Land Quality Manager at SGN, added: “This is a great opportunity to redevelop unused brownfield land and turn what was a redundant gas holder site into a first-class industrial scheme, which will greatly benefit the local area.

“Working with our partner Chancerygate, we look forward to bringing this scheme forward, helping the local community through the creation of jobs and revitalising this site.”